All posts tagged global wealth

Private banks in Singapore and Hong Kong will capture an ever-larger share of global wealth held offshore as the ranks of the super-rich in Asia grow faster than elsewhere in the world, according to a report from the Boston Consulting group.

Offshore wealth rose by 6.1% globally to $8.5 trillion last year, the new BCG study said, and will continue to grow apace as high net worth people seek to protect their wealth by stashing it where there is political stability, a low tax burden and banking expertise.

Over the next five years, the rich in the Asia Pacific region will generate another $1.4 trillion to add to that total, compared to $0.5 trillion from Latin America and $0.5 trillion from the Middle East and Africa, according to BCG projections. Read More »

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E-commerce sites and mobile apps are drawing on data they’ve collected from users to better understand how and when people shop during the Islamic holy month. Here’s a look at some of what they’ve discovered.

All that burning rubbish in Indonesia may be taking its toll, with nearly a quarter of people surveyed in a recent poll saying waste management was the most prominent environmental issue in the country.